search
Homeweb3.0Q1 on-chain report: Layer 2 has expanded rapidly, and chain game users have grown significantly.
Q1 on-chain report: Layer 2 has expanded rapidly, and chain game users have grown significantly.Apr 21, 2024 am 10:01 AM
BlockchainBitcoinEthereumSocial networkStablecoinusdtexchangetrading platformopensea

Original title: The OnChain Report: 2024 Q1

Original author: QuickNode & Artemis

Original compilation: Felix, PANews

Key points:

  • StablecoinActivitySurge: Stablecoin user activity surged 42% month-on-month due to a combination of factors including the approval and listing of spot Bitcoin ETFs, April’s Bitcoin halving, hyperinflationary fiat currency outflows, and the resurgence of DeFi. %.

  • Reigniting the “DeFi Summer”: In the first quarter of 2024, DeFi entered a new era characterized by optimism, risk awareness, and sophisticated innovation . DeFi user activity increased by 291% month-on-month, and the market rekindled hopes for a "DeFi Summer".

  • #Web3 gaming is heating up: The number of active addresses increased by 155% month-on-month, and the significant increase in player participation demonstrates Web3’s ability to attract and retain an ever-growing number of players. ability.

  • Layer2s Rapid Scaling: The rapid scaling of Layer2 marks a critical step forward in Web3 scaling over the past 6 months. In particular, the substantial increase in TVL on platforms such as Base shows that the market still has interest in expanding on-chain liquidity.

User Activity

Stablecoin

has the most active addresses for five consecutive quarters, accounting for more than 41% of all daily active addresses (DAA). USDT continues to dominate stablecoins, accounting for about 75% of the total market value of stablecoins. In the first quarter of 2024, the market value of USDT exceeded US$100 billion for the first time.

Although USDT processed more than 10 times the number of transactions than USDC in Q1’24, USDC leads the way in terms of transaction volume and average transaction size.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

DeFi

The number of daily active addresses in DeFi increased by 291% month-on-month in the first quarter. This growth represents a resurgence in capital inflows and the emergence of new revenue-generating protocols that fuel increased user activity.

DeFi has truly entered a new era in the first quarter of 2024, with a huge increase in developer and user activity, especially Solana and the Base network. Staking, liquidity staking, re-staking, and liquidity re-staking have all been catalysts for DeFi’s recent explosive growth, which explains why staking now accounts for a large portion of DeFi TVL.

While stablecoins still dominate address activity, DeFi surpassed stablecoins in terms of transaction count, ending the quarter with an average of nearly 7 million transactions per day. TVL for revenue-generating protocols has steadily climbed from $26.5 billion in Q3'23 to $59.7 billion in Q1'24. This rebound indicates the return of confidence and liquidity in the DeFi market.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Web3 Gaming

The Web3 gaming track has experienced significant growth, surpassing stablecoins in transaction volume and becoming the fastest growing Web3 year-on-year category. Compared with the fourth quarter of 2023, the daily active addresses of Web3 games in the first quarter of 24 increased by 155%, reaching a peak of 747,000. The number of transactions on the Web3 game track increased by 370% year-on-year.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Decentralized Social Platform

The decentralized social network experienced rapid growth in Q1’24, with a 425% increase in user activity, indicating The market is increasingly interested in blockchain-based social platforms, with mainstream platforms including Farcaster, Lens, friend.tech and Tomo.

Historically, the initial user engagement of decentralized social networks will decrease as the novelty of “uniqueness and novelty” gradually wears off. However, the gradual increase in the number of active users after the first quarter peak suggests that user engagement will be more stable over time, which may be a potential signal of increasing user acceptance.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

NFT Market

In 2023, Ethereum far exceeded other chains in terms of NFT market transaction volume, but in the first quarter of 24, Solana NFT market Transaction volume and activity surged. While OpenSea and Magic Eden have historically dominated the number of daily NFT active addresses and NFT transactions respectively, this trend was overtaken by Tensor in Q1’24, indicating changes in user preferences and platform performance.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Public Chain

Layer2 and Sidechain

Layer2 solution significantly improved the scalability of the blockchain in the first quarter of 2024, with faster transaction speed and more The low cost helps solve key challenges such as congestion and high transaction fees on major networks. The Layer 2 market continues to expand, with new chains launched every quarter.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Arbitrum

Despite fierce competition, Arbitrum has long been the L2 leader with 44% of TVL among all Ethereum Layer 2s .

During Q1’24, Arbitrum experienced two major events within a few days. The first event was the Dencun upgrade of the Ethereum network on March 13, which reduced L2 transaction fees by 98%. Artemis data shows that average daily transaction volume has almost doubled, growing by 96.2%, and average transaction fees have dropped by 93.5% (i.e. average Arbitrum transaction fees dropped from $0.3 to $0.01 almost overnight), but revenue has only dropped by 62.6%. In short, the Ethereum upgrade makes Arbitrum more suitable for mass-market applications.

The second event is the massive Arbitrum token unlocking on March 16th. With 1.1 billion ARB tokens worth $2.32 billion unlocked, the circulating supply of ARB tokens has almost doubled. After unlocking, ARB was sold by some whales (Note: According to Lookonchain monitoring, after large-scale unlocking, 11 whales deposited a total of 34 million ARB to the exchange, about 58 million U.S. dollars), and then large investors sold. Although Arbitrum The TVL has remained essentially unchanged, while daily active addresses and transaction volume have surged.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Base

Coinbase’s new L2 network Base reached a major milestone in Q1’24 with TVL exceeding $1 billion. After the upgrade of Ethereum, the daily trading volume of DEX in the Base ecosystem reached its highest level ever in March, soaring 487%, and the daily trading volume exceeded US$1 billion for the first time.

Although Uniswap is Base’s largest DEX trading platform to date, Base has become a fertile ground for the development of emerging DEXs. Aerodrome, in particular, has become the second-ranked DEX in terms of transaction volume and TVL on the Base network. Base has also achieved tremendous growth in areas such as decentralized social applications. For example, Farcaster achieved great success in the first quarter. In addition, Memecoin is gradually being regarded by large ecosystems as one of the ways to attract new users and gain community attention.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Polygon

Polygon released AggLayer v1 Mainnet on February 23, which introduced the aggregation layer (AggLayer). This cross-stack communication tool aims to unify fragmented blockchains into a network of ZK-secured L1 and L2 chains that feel like a single chain.

Additionally, Polygon is using its Chain Development Kit (CDK) to verify configurations transitioning from sidechains to L2 networks. Although Polygon's number of active developers continues to decline, it still maintains its second position.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

#Solana

In Q1’24, the Solana Foundation launched token extensions for stablecoin issuers such as GMO Trust and Paxos A range of configurable features. Solana has gradually become a paradise for retail investors, DeFi innovators, NFT minters, airdrop opportunists, and Memecoin traders in the first quarter of 2024. The influx of new address activity helped Solana’s average daily DEX trading volume increase by 180% month-on-month to $1.2 billion.

Solana revenue (in U.S. dollars) surged 597% quarter-on-quarter, from $7.1 million in the fourth quarter of 23 to $49.5 million in the first quarter of 24. The market value of the Solana ecosystem's stablecoins also increased by 49.4% month-on-month, from US$1.9 billion to US$2.9 billion.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Financing Review

In addition to the 36% increase in the number of financings from the previous quarter, Web3’s total financing amount increased by 55% compared with the fourth quarter of 23. The number of seed round financing increased the most significantly, with a month-on-month increase of 53%. Series A and seed funding increased significantly, almost doubling the previous quarter. Among the funding categories, the field of AI was the most popular, demonstrating the market’s strong interest in exploring how AI can become a key value driver for Web3.

In contrast, areas such as developer tools and trading saw only modest increases in funding and volume, indicating a more cautious attitude among investors, possibly due to uncertainty or lower short-term returns in these areas.

Overall, growth in the Web3 VC market has resumed and highlights strategic shifts in the industry that VCs believe will have a significant impact and drive the evolution of the blockchain landscape.

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

Q1 链上报告:Layer2 们快速扩展,链游用户增长显著

The above is the detailed content of Q1 on-chain report: Layer 2 has expanded rapidly, and chain game users have grown significantly.. For more information, please follow other related articles on the PHP Chinese website!

Statement
This article is reproduced at:ChainCatcher. If there is any infringement, please contact admin@php.cn delete
什么是OCO订单?什么是OCO订单?Apr 25, 2023 am 11:26 AM

二选一订单(OneCancelstheOther,简称OCO)可让您同时下达两个订单。它结合了限价单和限价止损单,但只能执行其中一个。换句话说,只要其中的限价单被部分或全部成交、止盈止损单被触发,另一个订单将自动取消。请注意,取消其中一个订单也会同时取消另一个订单。在币安交易平台进行交易时,您可以将二选一订单作为交易自动化的基本形式。这个功能可让您选择同时下达两个限价单,从而有助于止盈和最大程度减少潜在损失。如何使用二选一订单?登录您的币安帐户之后,请前往基本交易界面,找到下图所示的交易区域。点

区块链只能用go语言吗区块链只能用go语言吗Dec 27, 2022 pm 05:25 PM

不是。区块链是一种编程思想,原则上使用任何一种编程语言都可以实现,比如Solidity、C++、C#、Java、javascript、Go都可以实现区块链的开发;区块链技术涉及的面很广,而编程语言只是一种手段,把设计理念用代码呈现出来,做成产品服务用户。

为什么用go语言写区块链为什么用go语言写区块链Mar 04, 2021 pm 03:42 PM

原因:1、Go语言具有部署简单、性能优秀、并行执行性能好、良好语言设计、内置大量库、团队牛逼等优势。2、以太坊和超级账本都选择使用Go作为开发语言;这两大超级区块链的影响力很大,不仅在生态中占据了大的坑位,事实上还隐性的制定了区块链的标准。

go语言能开发区块链吗go语言能开发区块链吗Jan 03, 2023 pm 01:41 PM

可以开发。区块链是一种编程思想,原则上使用任何一种编程语言都可以实现,比如go语言、Solidity、C++、C#、Java、javascript都可以实现区块链的开发。Go语言是为了解决分布式计算,而区块链是典型的分布式数据存储系统,因此go语言能开发区块链。且Go易学易用,能很好的满足区块链行开发需要的“执行效率高、高并发、跨平台,网络开发要求高”等特点。

深入学习区块链的Go语言开发框架深入学习区块链的Go语言开发框架Jun 04, 2023 pm 08:01 PM

区块链技术的出现,使得数字货币的应用成为可能,也在许多领域得到了广泛应用。随着区块链技术领域的扩大,开发人员对于更好的应用程序编写方式的需求也高涨起来。于是,一个叫做Go语言(简称Golang)的编程语言悄悄兴起,成为了区块链开发人员的最爱。Go语言是谷歌公司开发的一种系统级编程语言,自诞生以来,一直着重强调程序设计的简捷和高效。Go语言的优点包括:静态类型

Java 中的区块链和加密货币技术Java 中的区块链和加密货币技术Jun 09, 2023 am 09:56 AM

Java是一种广泛使用的编程语言,它被许多公司和组织用作开发各种应用程序的工具。最近几年来,区块链和加密货币技术在全球范围内引起了大量的关注。Java的灵活性和多功能性使得它成为开发区块链和加密货币应用程序的优秀选择。区块链技术是一种安全的、去中心化的数据库,它可以存储和共享交易记录,而无需任何中央机构的干涉。Java提供了许多区块链开发框架,例如H

打造高效的区块链技术开发环境(使用Go语言)打造高效的区块链技术开发环境(使用Go语言)Jun 05, 2023 am 08:21 AM

随着区块链技术的发展和应用越来越广泛,有越来越多的人开始参与到区块链技术的开发中来。而要想打造高效的区块链技术开发环境,选择合适的开发语言和工具是非常重要的。Go语言正是一个很好的选择,因为它的性能很高,同时还有很多优秀的开源工具和库,能够大大提高开发效率。下面就来介绍一下如何打造高效的区块链技术开发环境,使用Go语言进行开发。一、选择Go语言在选择开发语言

如何利用Go语言实现全球唯一的区块链身份标识如何利用Go语言实现全球唯一的区块链身份标识Jun 04, 2023 pm 03:51 PM

区块链是一种去中心化的分布式账本技术,随着其应用领域的不断扩展,如何保障区块链参与者的身份安全问题也逐渐成为热门话题。本文将介绍如何利用Go语言实现全球唯一的区块链身份标识。一、为什么需要区块链身份标识在现有的互联网世界中,身份验证是一个非常重要的问题。通过用户名和密码等方式,用户可以登录到我门的网站上,从而使用我们的服务。但是,在互联网上,身份验证存在着

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Hot Tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function